IAAO 311 2023 Exam Questions and Answers All Correct
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Course
IAAO
Institution
IAAO
IAAO 311 2023 Exam Questions and Answers All Correct
Mass appraisal is the systematic appraisal of groups of properties as of a given date using - ANSWER standardized procedures and statistical testing
What characteristics does a mass appraisal require? - ANSWER valuation tables, s...
IAAO 311 2023 Exam Questions and Answers All Correct Mass appraisal is the systematic appraisal of groups of properties as of a given date using - ANSWER standardized procedures and statistical testing What characteristics does a mass appraisal require? - ANSWER valuation tables, schedules, and models Econom ic, social, and environmental are termed? - ANSWER market analysis data Off site features and improvement data are termed? - ANSWER property analysis data Selecting appropriate valuation approaches and specifying the variables to be used is called? - ANSWER model specification Developing adjustment weights from measurable supply and demand factors, including quantitative and qualitative factors is called? - ANSWER model calibration Valuation in exchange is determined by the inter action of? - ANSWER supply and demand Value in exchange is? - ANSWER market value A b0 is what? - ANSWER constant b is what? - ANSWER coefficient x is what? - ANSWER variable What kind of model is a combination of multiplicative and additive? - ANSWER hybrid (generic) model 4 categories of market data are? - ANSWER PEGS, Physical/Environmental, Economic, Governmental, Social Building codes, planning, and zones are considered (blank) forces? - ANSWER Government What is the most effective yet expensive way to collect data? - ANSWER personal interviews PGI is based on what? - ANSWER market rent What kind of lease does owner pay expenses? - ANSWER gross What kind of lease does tenant pay expenses? - ANSWER net (blank) data is also known as discrete data as it relates to features or attributes of a property. - ANSWER qualitative (blank) data is also known as continuous data and i s based on measuring or counting. - ANSWER quantitative A (blank) transformation converts a discrete variable to relative values or numerical ratings. - ANSWER scalar IAAO recommends properties to be re -inspected every (blank) years. - ANSWER 6 years Scalar transformation convert discrete data to? - ANSWER numerical ratings Scalar variables center on "?" in additive models. - ANSWER zero Scalar variables center on "?" in multiplicative models. - ANSWER one A (blank) helps evaluate what data to collect and the best way to collect them. - ANSWER pilot study
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